Risk management is gaining importance in agriculture. In addition to traditional instruments, new risk management instruments are increasingly being proposed. These proposals include the rent adjustment clauses (RACs), which seem to be an unusual instrument at first sight. In contrast with...

Die Frage, wie den – beispielsweise bedingt durch den Klimawandel – steigenden Herausforderungen an das betriebliche Risikomanagement in der Landwirtschaft Rechnung getragen werden kann, ist schon seit längerem Gegenstand agrarökonomischer Forschung. Beispielsweise werden...

Mit der Wasserrahmenrichtlinie hat die EU einen juristischen Rahmen geschaffen, alle aquatischen Ökosysteme zu schützen. Diese vornehmlich auf den Grundwasserschutz abzielende Maßnahme kann zu wirtschaftlichen Nachteilen für Landwirte führen. So wird die Feldberegnung als Möglichkeit...

In this paper we price a precipitation option based on empirical weather data from Germany using different pricing methods, among them Burn Analysis, Index Value Simulation and Daily Simulation. For that purpose we develop a daily precipitation model. Moreover, a decorrelation analysis is...

In this paper we price a precipitation option based on empirical weather data from Germany using different pricing methods, among them the burn analysis, index value simulation and daily simulation. For that purpose we develop a daily precipitation model. Moreover, a decorrelation analysis is...

Replaced with revised version of paper 06/17/08.

In this article we price a precipitation option based on empirical weather data from Germany using different pricing methods, among them Burn Analysis, Index Value Simulation and Daily Simulation. For that purpose we develop a daily precipitation model. Moreover, a de-correlation analysis is...

The importance of weather as a production factor in agriculture is well established long time and a significant portion of yield fluctuations is caused by weather risks. Traditionally, farmers have tried to hedge against unfavorable weather using insurance, such as crop insurance. In recent...